WLD

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.1164%/8h= +127.5% APRnext payment +$1.46 per $10,000 · paid last 24h +0.326%

Price spread now: GMX against Phoenix−0.539%65s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Phoenix Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. GMX is 0.539% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.539% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$54 on $10k: about 37 hours of funding at the current rate (+$35 a day). The two prices were read 65 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix WLD	0.4592	0.0104	pay 0.0013% / 1h	6m 14s	$5K	$53K	10x
Short	GMX WLD/USD [ETH-USDC]	0.4567	L +0.0229% / S −0.1268%	get 0.0159% / 1h	6m 14s	$5K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Phoenix. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee PhoenixbpFee GMXbpOrdersPrice spread, now −0.539%Rate

Funding earned: $244.45
Price spread: −0.539% → 0.000%: −$53.86
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee GMX: 6 bp × 2 orders: −$12
Net: $171.59
Costs to cover: 0.190%
Break-even: 2.1 days

Slippage unknown: Phoenix: no order-book sample; GMX: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Phoenix no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

Phoenix and GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

WLD on 38 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kalshi KXWLDPERP	−0.0186%	8h	0.4569	−0.497%	$65K	$3.9M	1.7x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4571	−0.455%	$163K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4569	−0.497%	$122K	$897K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4569	−0.493%	$56K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0004%	8h	0.4566	−0.562%	$6.9M	$11.0M	50x	as long as short
Orderly PERP_WLD_USDC	+0.0036%	8h	0.4568	−0.518%	$28K	$906K	10x	as long as short
Nado WLD-PERP	+0.0039%	1h	0.4569	−0.497%	$275K	$169K	5x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4572	−0.440%	$191K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4571	−0.453%	$53K	$487K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4571	−0.453%	$86.4M	$303.6M	75x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WLDUSDT	+0.0100%	8h	0.4571	−0.453%	$65.6M	$82.7M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4570	−0.475%	$34.2M	$143.3M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4569	−0.497%	$7.5M	$36.0M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4568	−0.518%	$45.6M	$53.4M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4569	−0.497%	$30.2M	$26.1M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4570	−0.475%	—	$67.1M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4572	−0.436%	$136K	$283K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4567	−0.543%	$2.0M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4580	−0.255%	$27K	$316K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4582	−0.223%	$605K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4579	−0.279%	$55K	$229K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4571	−0.460%	$48K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4575	−0.366%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4570	−0.475%	$213	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4567	−0.540%	$850K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4570	−0.475%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4567	−0.532%	$231K	$847K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4570	−0.466%	$31K	$5K	3x	as long as short
Phoenix WLDlong	+0.0104%	1h	0.4592	long leg	$5K	$53K	10x
Reya WLDRUSDPERP	+0.0134%	1h	0.4567	−0.532%	—	—	20x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4577	−0.322%	$4.8M	$822K	75x	as long as short
GMX WLD/USD [ETH-USDC]short	L +0.0229% / S −0.1268%	1h	0.4567	−0.539%	$5K	—	100x
01 Exchange WLDUSD	+0.0264%	1h	0.4574	−0.383%	$327	$77	5x	as long as short
Injective WLD/USDC PERP	+0.0373%	1h	0.4585	−0.148%	$6K	$185K	5.5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0440%	1h	0.4574	−0.388%	$271K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0502%	1h	0.4579	−0.270%	$50.8M	$43.6M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0719%	1h	0.4573	−0.400%	$900K	$2.7M	50x	as long as short
Lighter WLD	+0.1288%	1h	0.4582	−0.216%	$5.2M	$2.0M	10x	as long as short